Liberty Mutual Concludes Strategic Review of Pembroke and Ironshore Europe, Reaches Agreement to Sell Operation to Hamilton Insurance Group
Today, Liberty Mutual announced the conclusion of its strategic review of its London-based Pembroke Managing Agency Limited and Dublin-based Ironshore Europe DAC businesses, acquired through the Ironshore purchase in May of 2017. As a result of the review, Liberty Mutual has reached an agreement to sell its Pembroke Managing Agency, Ironshore Europe operations (IEDAC) and Visionary (Dubai) to Hamilton Insurance Group, subject to regulatory approval.
Liberty Mutual Bolsters Wholesale Distribution Leadership and Dedicated Wholesale Underwriting Units Across U.S.
Liberty Mutual has announced new appointments to lead commercial lines business for wholesale distribution within its Global Risk Solutions unit. Tara Houvenagle has been named Wholesale Distribution Executive West, and Jessica Ferguson has been named Wholesale Distribution Executive East. They will join the leadership team led by Ben Johnson, Wholesale Distribution Executive for North America, who is responsible for overseeing the development and placement of products and services across Liberty Mutual and Ironshore’s wholesale distribution channels.
Liberty Mutual Holding Company Inc. and its subsidiaries (collectively “LMHC” or the “Company”) reported net income attributable to LMHC of $249 million and $2.160 billion for the three and twelve months ended December 31, 2018, increases of $44 million and $2.143 billion over the same periods in 2017. Including zero and $1 million of net income attributable to non-controlling interest, consolidated net income for the three and twelve months ended December 31, 2018 was $249 million and $2.161 billion, respectively.
Introducing LiMu Emu and Doug, the Dynamic Duo of the Insurance World Starring in New Liberty Mutual Ad Campaign
New campaign illustrates brand’s approach to offering customized insurance coverage, stresses importance of helping consumers only pay for what they need
Liberty Mutual Earns Top Spot for Commercial Lines Insurers in JD Power 2019 U.S. Independent Insurance Agent Satisfaction Study for Second Consecutive Year
Liberty Mutual has the most satisfied independent commercial insurance agents, according to the J.D. Power 2019 Independent Insurance Agent Satisfaction Study, repeating its win of the inaugural study last year.
Liberty Mutual Insurance Announces Recipients of Its 2018-2019 Scholarship Program for Massachusetts Community College Students of African-American Descent
Liberty Mutual’s Scholarship Provides Four Students $2,500 Each Per Year for Four Years, Partnership with Mass. Department of Higher Education Offers Additional Financial Incentives
Kate Horn will partner with key brokers to provide a range of Liberty Mutual and Ironshore commercial and specialty insurance solutions to mid-size and large companies throughout Southern New Jersey, Eastern Pennsylvania and Delaware.
Forbes Magazine Recognizes Liberty Mutual Insurance as One of America’s Best Employers for Diversity
Liberty Mutual Insurance is proud to announce that for the second year in a row it has been recognized by Forbes magazine as one of America’s Best Employers for Diversity, ranking #167 out of 500 companies. In collaboration with analytics firm Statista, Forbes selected America’s Best Employers for Diversity based on an independent survey from a vast sample of more than 50,000 U.S. employees working for companies employing at least 1,000 people in their U.S. operations.
Liberty Mutual Insurance and Bridge Over Troubled Waters Celebrate Opening of ‘Liberty House’ for Youth Experiencing Homelessness
Boston Mayor Martin J. Walsh today joined with Liberty Mutual Insurance and Bridge Over Troubled Waters to celebrate the official opening of ‘Liberty House’, a 10- bedroom co-op style apartment in Dorchester for young people experiencing homelessness. The property was purchased this year with a $1.1 million gift from the Liberty Mutual Foundation and is managed and operated by Bridge Over Troubled Waters.
To better protect insurance agents, Liberty Mutual has strengthened its Agents Errors & Omissions Program, significantly enhancing, clarifying and revising key forms and endorsements.